Elevance Health, Inc. 401(k) match for employees in Puerto Rico: 5% max
Elevance Health Puerto Rico Retirement Plan · ELV · CIK 1156039
Maximum employer match, as a share of pay
5%
The Elevance Health Puerto Rico plan matches 100% (dollar-for-dollar) of the first 4% of pay, then 50% of the next 2% of pay, for a maximum employer match of 5% of pay.
The match, vesting and enrollment terms below are for employees in Puerto Rico: they are read from the Elevance Health Puerto Rico Retirement Plan. Elevance Health filed two Form 11-K reports for plan year 2025, of which one has been read. The other report has not, so this page cannot say what the plan it covers pays.
From the Form 11-K filed June 17, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What the Elevance Health Puerto Rico plan puts in, and what the plan costs
What Elevance Health put into the plan, per active participant
$4,249
Elevance Health, Inc. put $4,249 into this plan for each of its 71,880 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Elevance Health put in less per active participant than 63% of plans with 5,000+ participants in insurance. The middle plan in that group of 98 reported $5,049. Insurance comes from business code 524140, which Elevance Health entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
The match terms above are read from the Elevance Health Puerto Rico Retirement Plan, which covers employees in Puerto Rico. This figure is read from the Form 5500 filed for Elevance Health 401(k) Plan, which is a filing of its own.
What this figure cannot separate: how much Elevance Health pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 113713086, plan 003 · DOL EFAST2 ↗
The $4,249 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Elevance Health, Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What the Elevance Health Puerto Rico plan puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“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%. Additionally, the Plan provides for a true-up matching contribution”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
71.43 out of 100
How fast the employer’s money becomes yours. Higher than 32% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants have a 100% vested interest in the Plan Sponsor match after completing a two-year period of service. Nonvested account balances of terminated employees are forfeited (subject to reinstatement upon reemployment as required by applicable law and the Plan's terms).”
The plan tops the match up after year end, so contributing unevenly through the year does not cost the worker part of it.
The same match paragraph, word for word
“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%. Additionally, the Plan provides for a true-up matching contribution”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
61st percentile
$66.49 per participant in plan-paid administrative cost, more expensive than 61% of plans with 5,000+ participants.
What is the Elevance Health Puerto Rico plan's 401(k) match formula?
The Elevance Health Puerto Rico plan's 401(k) employer match tops out at 5% of pay. The plan pays an annual true-up. What an annual true-up repays is the arithmetic behind that line: it matters most in a year when contributions land unevenly.
| Match formula | 100% (dollar-for-dollar) of the first 4% of pay |
|---|---|
| then | 50% of the next 2% of pay |
| Maximum employer match | 5% of compensation |
| True-upA year-end recalculation that repays match lost to uneven contributions. | Yes, annual true-up |
| Other employer contribution | Additional Plan Sponsor discretionary contributions are permitted, but no such discretionary contributions were made during the 2025 plan year |
At a $90,000 salary, contributing 6% ($5,400) earns the full employer match of $4,500 for the year.
What the filing says, word for word
“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%. Additionally, the Plan provides for a true-up matching contribution”
Source: Form 11-K filed June 17, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is the Elevance Health Puerto Rico plan's 401(k) vesting schedule?
The Elevance Health Puerto Rico plan vests the employer match on a cliff schedule: nothing is yours until two years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a two-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 2 years of service |
|---|---|
| Your own contributions | Not disclosed in the filing |
| Accelerated vesting | In the event the Plan is terminated, each participant's account shall be non-forfeitable with respect to both the participant's and the Plan Sponsor's contributions |
Vesting, word for word
“Participants have a 100% vested interest in the Plan Sponsor match after completing a two-year period of service. Nonvested account balances of terminated employees are forfeited (subject to reinstatement upon reemployment as required by applicable law and the Plan's terms).”
Source: Form 11-K filed June 17, 2026, SEC EDGAR · SEC ↗
Who can join the Elevance Health Puerto Rico plan's 401(k), and is enrollment automatic?
The Elevance Health Puerto Rico plan enrolls new hires automatically at 6% of pay, rising 1% a year to 15% of pay.
| Plan entry | Employees of the Participating Employers (The Elevance Health Companies of Puerto Rico, LLC and certain of its subsidiaries, employees working in Puerto Rico) are generally eligible to participate 30 days after their date of hire |
|---|---|
| Automatic enrollment | Yes: default deferral 6% of pay; auto-escalation +1%/yr to 15%; default investment: Qualified default investment alternative: the target date fund aligned with the year the participant turns 65 |
Eligibility, word for word
“Employees of the Participating Employers are generally eligible to participate in the Plan 30 days after their date of hire.”
Automatic enrollment, word for word
“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.”
Source: Form 11-K filed June 17, 2026, SEC EDGAR · SEC ↗
What does the Elevance Health plan report on Form 5500?
The Elevance Health plan reported $12.1B in assets and 94,689 participants for plan year 2024.
| Total plan assets | $12,109,864,062 |
|---|---|
| Participants | 94,689 |
| Recordkeeper | Fidelity Investments |
| Plan-paid admin cost per participant | $66.49 |
How that cost compares
This plan pays $66.49 per participant. The median across plans in insurance is $119.27, from the 1,004 of 1,068 whose Form 5500 yields a per-participant cost.
The plan reports Fidelity Investments as its recordkeeper, one of 10,593 plans it runs in the data we publish. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Elevance Health 401(k) Plan on its Form 5500 filing: fees, providers and financials
How does the Elevance Health Puerto Rico plan's 401(k) match compare?
The Elevance Health Puerto Rico plan's maximum 401(k) match of 5% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in insurance, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in insurance.
Maximum match 5% of pay. Also in insurance.
Maximum match 4% of pay. Also in insurance.
Maximum match 4.5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 3.5% of pay. Same 2-year cliff as Elevance Health.
Compare Elevance Health, Inc. with any company, side by side
What can you do next?
Check your own balance and contribution rate at Fidelity NetBenefits ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 17, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is Elevance Health, Inc.'s 401(k) match for employees in Puerto Rico?
The Elevance Health Puerto Rico Retirement Plan covers employees in Puerto Rico. Elevance Health, Inc. matches 100% (dollar-for-dollar) of the first 4% of pay, then 50% of the next 2% of pay, for a maximum employer match of 5% of compensation (plan year ended December 31, 2025).
When does the Elevance Health, Inc. 401(k) match vest for employees in Puerto Rico?
Cliff: 100% vested after 2 years of service.
Does Elevance Health, Inc.'s 401(k) plan for employees in Puerto Rico have automatic enrollment?
Yes: default deferral 6% of pay; auto-escalation +1%/yr to 15%; default investment: Qualified default investment alternative: the target date fund aligned with the year the participant turns 65.
Cite: 401(k) Monitor, “Elevance Health, Inc. 401(k) plan facts for employees in Puerto Rico”, from SEC Form 11-K accession 0001156039-26-000053, plan year ended 2025-12-31.