Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000106
Chunk: 4

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 4
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 stable value collective investment trust fund. Oriental Bank and Trust is the trustee for all Plan investments ("Oriental").

#### Participant Accounts
An individual account is maintained by the Plan for each eligible employee who participates in the Plan. Each participant’s account is credited with the participant’s contributions, rollover contributions, allocations of the Plan Sponsor’s contributions, and an allocation of investment earnings or losses, reduced by participant withdrawals and certain administrative expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s account.

#### Contributions
Participants may make voluntary pretax contributions of 1% to 80% of eligible compensation, as defined in the Plan document, subject to limitations imposed by the Puerto Rico Internal Revenue Code of 2011 (the "PR Code”). Participants are automatically enrolled in the Plan at an initial pretax deferral rate of 6%, with an annual automatic increase of the rate of 1%, up to 15% of the participant's eligible compensation, unless the participant directs otherwise. Annual pretax contributions could not individually exceed $15,000 in 2024 under the PR Code.

Under the Predecessor Plan, participants were permitted to make after-tax contributions, but such contributions were were not permitted after December 31, 2023.

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#### Elevance Health Puerto Rico Retirement Plan

### Notes to Financial Statements (continued)
The Plan Sponsor provides a matching contribution of 100% on the first 4% of the participant's eligible compensation, plus 50% of the next 2% of the participant's eligible compensation contributed, for a total potential Plan Sponsor matching contribution of 5%. The Plan permits additional Plan Sponsor discretionary contributions to be made, but no such discretionary contributions were made during the 2024 plan year.

Under the Predecessor Plan, matching contributions in 2023 equaled 25% of a participant’s pretax contributions that did not exceed 10% of the participant’s eligible compensation. There were no discretionary contributions made during the 2023 plan year.

Participants who attain age 50 by the end of the plan year may contribute additional "catch up" contributions to their account beyond the annual PR Code limitation up to $1,500 in 2024, in accordance with applicable law and the Plan's terms. Catch-up contributions are eligible for matching contributions.

#### Rollover Contributions
The Plan may accept rollover contributions. Rollover contributions represent distributions received from other Puerto Rico qualified retirement plans. Distributions