Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000106
Chunk: 3

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 3
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   |            |
| Beginning of year                                     |     |   | 74,126,392 |
| End of year                                           |     | $ | 97,702,873 |

See Notes to Financial Statements.

<div align='center'>6</div>

#### Elevance Health Puerto Rico Retirement Plan

### Notes to Financial Statements

#### December 31, 2024

#### 1. Description of the Plan
The following description of the Elevance Health Puerto Rico Retirement Plan (the “Plan”) provides only general information. More detailed information concerning the Plan may be found by consulting the summary plan description.

#### General
The Plan is a Puerto Rico qualified defined contribution plan which provides savings opportunities for eligible employees of The Elevance Health Companies of Puerto Rico, LLC, and certain of its subsidiaries ("Participating Employers") who work in Puerto Rico and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Employees of the Participating Employers are generally eligible to participate in the Plan 30 days after their date of hire.

The Plan was originally established on January 1, 2011 as The MMM Holdings, Inc. 1081.01 Retirement Plan and Trust (the "Predecessor Plan"). On September 19, 2023, sponsorship of the Plan was transferred to ATH Holding Company, LLC ("Plan Sponsor"), a wholly owned subsidiary of Elevance Health, Inc. ("Elevance Health"), and the administrator and named fiduciary of the Plan was changed from the MMM Holdings Retirement Savings Plan Retirement Plan Committee to the Retirement Committee of ATH Holding Company, LLC. The Predecessor Plan was amended and restated in its entirety effective January 1, 2024, to convert the Predecessor Plan from a prototype plan to an individually designed plan and to change the name to the Elevance Health Puerto Rico Retirement Plan.

In connection with the amendment and restatement, Fidelity Management Trust Company was appointed as the agent and custodian of the Plan, and Fidelity Workplace Services LLC became the recordkeeper (collectively, "Fidelity"). New investment options were approved and, after the sale of the Predecessor Plan investments, participant account balances were reinvested in the Plan’s qualified default investment alternative unless the participant elected otherwise. The Plan participates in the Elevance Health Defined Contribution Master Trust (see Note 3, "Plan's Interest in Master Trust) solely with respect to the Plan's investments in the Elevance Health Stock Fund and a