Elevance Health 401(k) match, vesting and fees
What Elevance Health's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Ernst Young LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 19 defined-contribution plans in finance and insurance with 50,000 or more participants.
| Elevance Health: employer contribution per participant | $3,368 | |
| Peer median | $3,368 |
| Elevance Health: average balance | $133,552 | |
| Peer median | $160,346 |
| Elevance Health: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $11B at the end of plan year 2023 to $12.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 94,427 | $12.1B | $305M | $3,368 | 0.05% | Not published | Form 5500 ↗ |
| 2023 | 94,689 | $11B | $306M | $3,289 | 0.06% | Not published | Form 5500 ↗ |
Other Elevance Health plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Elevance Health Puerto Rico Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments | Schedule C ↗ |
| Independent auditor | Ernst Young LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Elevance Health Cash Balance Plan a
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Elevance Health Cash Balance Plan B
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Crowe LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Frozen | Form 5500 ↗ |
Common questions
Does Elevance Health match 401(k) contributions?
The match terms for the Elevance Health 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $305M in employer contributions, about $3,368 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Elevance Health 401(k) match vested?
The vesting schedule for the Elevance Health 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Elevance Health 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Ath Holding Company, LLC.
I left Elevance Health. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ath Holding Company, LLC, (844) 203-3255) or the recordkeeper, Fidelity Investments Institutional. The Elevance Health old 401(k) page lists the contacts from every plan filing. Find an old Elevance Health 401(k)
Data from the public Form 5500 annual reports Elevance Health filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Elevance Health. Not financial advice. Report a correction · Methodology