Anthem/Elevance 401(k) Plan
Elkridge, Maryland
Anthem/Elevance 401K plan details: employer match info, participant login access, withdrawal options, and full plan review. 2026 data with contacts,...
Plan Analysis
Anthem/Elevance, in the Professional & Technical Services sector and headquartered in Maryland, manages a 401(k) program with $47.4M in total plan assets across 2,749 active participants, established 10 years ago. The plan saw strong asset growth of 18.9% year-over-year, significantly outpacing the typical 401(k) plan. The average balance of $17K per participant may reflect a younger workforce or higher employee turnover. The employer contributed an average of $636 per active participant, equivalent to 3% of the 2026 employee deferral limit. Participants contributed an average of $1,790 each through employee deferrals. Outstanding participant loans of $537K represent 1.1% of plan assets. Distributions totaled $4.7M (10% of assets), reflecting normal retirement and separation activity. Anthem/Elevance sponsors 37 retirement plans, providing employees with diverse savings options.
How Anthem/Elevance Compares
Comparison against 284 employer 401(k) plans in our database
| Metric | Anthem/Elevance | Database Median | Comparison |
|---|---|---|---|
| Avg. Balance per Participant | $17K | $140K | ▼ 88% below median |
| Employer Contribution per Participant | $636 | $3K | ▼ 82% below median |
| YoY Asset Growth | 18.9% | 12.9% | ▲ Above median |
| Total Assets vs. Professional & Technical Services Sector | $47.4M | $6.5B | ▼ 99% below sector median |
Contact Information
Filing Information
EIN: 46-2821408
Plan Effective Date: 2014-06-01
Source: DOL Form 5500 (Latest Filings)
2026 Contribution Limits for Anthem/Elevance 401(k)
| Category | Limit | Details |
|---|---|---|
| Employee Deferral | $24,500 | Standard elective deferral limit for all participants |
| Catch-Up (Age 50+) | +$8,000 | Additional contributions for participants age 50 and over (total: $32,500) |
| Super Catch-Up (Age 60-63) | +$11,250 | SECURE 2.0 enhanced catch-up for ages 60-63 (total: $35,750) |
| Total Annual Additions (415 Limit) | $72,000 | Maximum combined employee + employer contributions |
| Compensation Cap | $350,000 | Maximum compensation considered for contributions |
| Anthem/Elevance Avg. Employee Deferral | $1,790 | 7% of the $24,500 limit (based on latest Form 5500 filing) |
| Anthem/Elevance Avg. Employer Contribution | $636 | Employer contributes $1.7M total across 2,749 participants |
Anthem/Elevance 401(k) Plan Details
Data from DOL Form 5500 (Latest Filings)
| Plan Name | Active Participants | Total Assets | Employer Contributions | Participant Contributions | 401(k) |
|---|---|---|---|---|---|
| ANTHEM ENGINEERING 401(K) PLAN | 38 | $10.2M | $529K | $691K | Yes |
| ANTHEM HILLS PEDIATRICS | 62 | $4.9M | $103K | $210K | Yes |
| ANTHEM BRANDING 401K PLAN | 23 | $4.3M | $66K | $226K | Yes |
| ANTHEM VENTURE MANAGEMENT, LLC 401(K) PLAN | 4 | $4.0M | $10K | $61K | Yes |
| ANTHEM UNITED HOMES, INC. 401K PLAN | 39 | $3.4M | N/A | $394K | Yes |
| ANTHEM MEMORY CARE 401(K) PLAN | 815 | $2.6M | $3K | $478K | Yes |
| ANTHEM MEMORY CARE 401(K) PLAN | 834 | $2.6M | $3K | $478K | Yes |
| ANTHEM COMMUNITY COUNCIL INC. 401K PLAN | 69 | $1.9M | $98K | $230K | Yes |
| ANTHEM HOLDINGS, INC. 401(K) PLAN | 283 | $1.7M | $197K | $388K | Yes |
| ANTHEM,LLC 401(K) PLAN | 17 | $1.6M | $58K | $186K | Yes |
| SUN CITY ANTHEM 401(K) PLAN | 61 | $1.5M | $71K | $148K | Yes |
| ANTHEM TAX SERVICES LLC 401(K) PLAN | 152 | $1.4M | $208K | $360K | Yes |
| ANTHEM MEDIA GROUP 401(K) PLAN | 15 | $1.2M | $0 | $125K | Yes |
| THE ANTHEM LLC MANAGEMENT OFFI 401(K) PROFIT SHARING PLAN & TRUST | 23 | $1.1M | $51K | $119K | Yes |
| OSR PHYSICAL THERAPY 401(K) PLAN & TRUST | 63 | $801K | $61K | $187K | Yes |
| ANTHEM 401(K) PLAN | 5 | $788K | $52K | $27K | Yes |
| ANTHEM FORENSICS LLC 401(K) PROFIT SHARING PLAN | 7 | $740K | $62K | $69K | Yes |
| ANTHEM SPORTS 401(K) PLAN | 27 | $420K | $7K | $42K | Yes |
| ANTHEM EXCAVATION & DEMOLITION INC 401(K) PLAN | 6 | $298K | $8K | $47K | Yes |
| ANTHEM CHIROPRACTIC 401K PLAN | 4 | $267K | $17K | $31K | Yes |
| ANTHEM GREEN DEVELOPERS INC 401(K) PLAN | 4 | $262K | N/A | N/A | Yes |
| ANTHEM DENTAL 401K PLAN | 11 | $226K | $2K | $3K | Yes |
| ANTHEM CONSULTING ENGINEERS PLLC 401(K) PLAN | 6 | $204K | $30K | $67K | Yes |
| ANTHEM VIDEO PRODUCTION LLC 401(K) PLAN | 3 | $174K | $9K | $30K | Yes |
| COMPANY SPONSORED 401(K) PLAN | 9 | $128K | $22K | $28K | Yes |
| ANTHEM LAKES LLC 401(K) PROFIT SHARING PLAN & TRUST | 44 | $123K | $0 | $41K | Yes |
| ANTHEM WINERY AND VINEYARDS, LLC 401(K) PLAN | 2 | $123K | $5K | $6K | Yes |
| ANTHEM AUTOMOTIVE 401(K) PLAN | 19 | $99K | $45K | $59K | Yes |
| ANTHEM SNACKS LLC 401(K) PLAN | 6 | $95K | $8K | $44K | Yes |
| ANTHEM MANAGEMENT GROUP 401(K) PLAN | 3 | $71K | $0 | $8K | Yes |
| ANTHEM BUSINESS SOFTWARE, LLC RETIREMENT TRUST | 8 | $66K | $4K | $13K | Yes |
| ANTHEM HOMES AND REMODELING 401(K) PLAN | 3 | $57K | $9K | $49K | Yes |
| ANTHEM DELIVERY SERVICES LLC 401(K) PLAN | 59 | $55K | $0 | $24K | Yes |
| ANTHEM STAFFING 401(K) PLAN | 13 | $34K | $0 | $19K | Yes |
| ANTHEM PHYSICAL THERAPY 401(K) PLAN | 4 | $29K | $8K | $20K | Yes |
| ANTHEM IMPORTS, LLC 401(K) PLAN | 0 | $4 | $647 | $647 | Yes |
| GARG GOLDEN, LLP DBA ANTHEM INJURY LAWYERS 401(K) PLAN | 8 | $0 | $0 | $14K | Yes |
Plan Type Details
Primary Plan: ANTHEM ENGINEERING 401(K) PLAN
Plan Types: DC (401(k)); DC (Money Purchase); DC (Target Benefit); DC (Other); Offset; DC (Stock Bonus); DC (SIMPLE 401(k)); 403(b); Custodial 403(b)(7)
Funded By:
Financial Summary
| Metric | Amount |
|---|---|
| Total Assets (Beginning of Year) | $39,842,123 |
| Total Assets (End of Year) | $47,361,228 |
| Employer Contributions | $1,747,913 |
| Participant Contributions | $4,921,351 |
| Total Distributions | $4,672,575 |
| Total Income (Gains/Losses) | $12,382,874 |
| Total Expenses | $5,009,415 |
| Outstanding Participant Loans | $536,888 |
Participant Breakdown
Plan Review & Rating
Based on 327 plan data ratings and analysis
Ratings are based on publicly available plan data, participant feedback, and industry benchmarks. Individual experience may vary. This is not financial advice. Data sourced from DOL Form 5500 filings.
People Also Ask About Anthem/Elevance 401(k)
The Anthem/Elevance 401(k) match competitiveness depends on the formula and vesting schedule. The plan shows $1.7M in total employer contributions across 2,749 participants ($636 per person). Compare it with industry averages where the typical employer match is between 3-6% of salary. Review the specific match percentage and vesting timeline with your HR department.
Vesting schedules determine when employer match contributions fully belong to you. Common schedules include immediate vesting, 3-year cliff vesting, or 6-year graded vesting. At Anthem/Elevance, with $1.7M in annual employer contributions across the plan, understanding your vesting timeline is critical before considering a job change. Contact Anthem/Elevance HR for the exact vesting schedule.
Withdrawals from your Anthem/Elevance 401(k) are generally available after age 59½, upon separation from service, disability, or financial hardship. The plan processed $4.7M in distributions during the last filing year. Early withdrawals before age 59½ may be subject to a 10% penalty plus income taxes. The Rule of 55 allows penalty-free withdrawals if you leave Anthem/Elevance at age 55 or older.
Yes, you can roll over your Anthem/Elevance 401(k) to a Traditional IRA (for pre-tax funds) or Roth IRA (for Roth 401(k) funds). With an average balance of $17K per participant, a direct rollover avoids the mandatory 20% withholding that applies to indirect rollovers. Contact your plan administrator or the receiving IRA custodian to initiate the transfer.
Many Fortune 500 companies, including Anthem/Elevance, have auto-enrollment features. With 2,749 active participants and $4.9M in annual employee deferrals, the plan demonstrates strong participation. Auto-enrollment typically starts at 3-6% of salary with annual escalation. You can opt out or change your contribution rate at any time through the plan provider portal.
Frequently Asked Questions
Anthem/Elevance offers an employer match through their 401(k) plan. According to the filing, the plan received $1.7M in employer contributions alongside $4.9M in participant deferrals. The exact match formula may vary by plan and employment status. Contact Anthem/Elevance HR or your plan administrator for the specific match formula applicable to your situation.
You can access your Anthem/Elevance 401(k) account through the plan provider's participant portal. The plan serves 2,749 active participants. If you're a current or former employee, use the login link above or contact the plan administrator at the phone number listed on this page. First-time users will need to register using their Social Security number and date of birth.
For 2026, Anthem/Elevance 401(k) participants can contribute up to $24,500 in employee deferrals. Participants aged 50+ can contribute an additional $8,000 in catch-up contributions (total $32,500). Those aged 60-63 can make super catch-up contributions of $11,250 (total $35,750). Currently, Anthem/Elevance participants contribute an average of $1,790 per year in employee deferrals. Employer contributions are separate from these limits.
Many Anthem/Elevance 401(k) plans offer loan provisions. As of the latest filing, Anthem/Elevance participants had $537K in outstanding loans (averaging $195 across participants with active loans). The IRS limits 401(k) loans to the lesser of $50,000 or 50% of your vested balance. With an average account balance of $17K in the Anthem/Elevance plan, the maximum potential loan amount for a fully vested participant would vary accordingly. Check with your plan administrator for specific loan terms.
When you leave Anthem/Elevance, you have several options for your 401(k): keep it in the plan (if the balance is over $7,000), roll it over to a new employer's plan, roll it to an IRA, or take a cash distribution (subject to taxes and potential penalties). In the most recent filing year, the plan processed $4.7M in distributions to departing or retired participants. Employer match contributions may be subject to a vesting schedule.
According to the most recent Form 5500 filing, the Anthem/Elevance 401(k) plan has 2,749 active participants managing $47.4M in plan assets. The average account balance is $17K per participant, and the plan was originally established on N/A.
Many major employers, including Anthem/Elevance, offer both traditional pre-tax and Roth after-tax 401(k) contribution options. Given that Anthem/Elevance participants average $1,790 in annual deferrals, choosing between Roth and traditional depends on whether you expect your tax bracket to be higher or lower in retirement. Contact the Anthem/Elevance plan administrator for availability.
The Anthem/Elevance 401(k) plan typically offers a range of investment options including target-date funds, index funds, actively managed funds, and potentially company stock. The plan generated $12.4M in total investment income during the last filing year. Log into your account to see current investment options and performance.
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Disclaimer: Information on this page is sourced from public DOL Form 5500 filings and is provided for educational purposes only. This is not financial, tax, or investment advice. Plan details may have changed since the last filing. Always consult your plan administrator, HR department, or a qualified financial advisor for the most current information about your 401(k) plan. 401K.is is not affiliated with Anthem/Elevance or their plan providers.
Last updated: February 2026 | Data source: DOL Form 5500 (Latest Filings) | Filed: 2025-06-04