Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000106
Chunk: 8

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 8
---
 with a trade date of December 29, 2023 were received by Fidelity on January 2, 2024. At December 31, 2023, the receivable from sale of investments of $71,228,576 included $1,352,337 contributed by the Plan Sponsor that represented the difference between the fair value and contract value of the Predecessor Plan's fully benefit-responsive investment contract sold on December 29, 2023.

#### Notes Receivable from Participants
Notes receivable from participants represent participant loans that are recorded at their unpaid principal balance plus any accrued but unpaid interest. Interest income on notes receivable from participants is recorded when it is earned. Related fees are recorded as administrative expenses and are expensed when they are incurred. Delinquent participant loans are recorded as distributions based on the terms of the plan document. No allowance for credit losses has been recorded as of December 31, 2024 or 2023.

#### Benefits Paid to Participants
Benefit payments to participants are recorded upon distribution.

#### Administrative Expenses
Certain expenses of maintaining the Plan are paid from Plan assets. The Plan Sponsor may bear certain costs associated with administering the Plan; these costs are not included in the accompanying financial statements and constitute exempt party-in-interest transactions. Certain transaction fees, such as those related to loan processing, are paid from individual participant accounts and are included in administrative expenses. Investment related expenses are included in both the Plan's interest in Master Trust net investment income and in net appreciation or depreciation in fair value of investments.

#### Recently Adopted Accounting Pronouncements
There have been no recently adopted or issued accounting standards that had, or will have, a material impact on the financial statements.

<div align='center'>10</div>

#### Elevance Health Puerto Rico Retirement Plan

### Notes to Financial Statements (continued)

#### 3. Plan's Interest in Master Trust
The Elevance Health Defined Contribution Master Trust was established on January 1, 2024 pursuant to a trust agreement between the Plan Administrator and Fidelity in order to facilitate the administration of transactions in the Elevance Health Stock Fund and a stable value collective investment trust fund offered in both this Plan and the Elevance Health 401(k) Plan (together, the "Participating Plans"). Each Participating Plan has a divided interest in specific investment assets held in the Master Trust.

A summary of the net assets of the Master Trust and the Plan's interest in the net assets of the Master Trust as of December 31, 2024 is