INTERNATIONAL VISITORS OF COUNCIL OF METROPOLITAN DETROIT, INC

participants whose employment commencement date occurs on or after January 1, 2025, all Company contributions made on behalf of such participants are subject to a three-year cliff vesting schedule. Participants who were participating in the Plan as of December 31, 2024, remain fully vested in the balance held in their Plan accounts. A participant is credited with a year of service for vesting purposes upon completion of 365 days ( one year ) of service. Distributions and Withdrawals: Distributions are made only when a person ceases to be a participant. Upon termination, including retirement, a participant has various options available, as described in the Plan, with respect to the distribution of his or her Plan account balances. Participants may make in-service withdrawals in accordance w

de”), certain amounts for highly compensated employees are not contributed to the Plan. No contribution is required from any participant under the Plan. However, new employees are automatically enrolled in the Plan to make before-tax contributions of five percent ( 5 %) of their eligible compensation beginning with the first payroll period that is administratively practicable after the employee's date of hire. Employees that are automatically enrolled can elect not to make contributions or to contribute a different percentage of their eligible compensation. Participants may make contributions on a before-tax, Roth after-tax and/or traditional after-tax basis to the Plan. Participants who are age 50 or older by the end of a Plan year are eligible to make before-tax and Roth after-tax catch-

net assets available for benefits attributable to this investment. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value. The BNYM Insight Stable Value Fund, a collective -9- PHILIP MORRIS INTERNATIONAL DEFERRED PROFIT-SHARING PLAN NOTES TO FINANCIAL STATEMENTS (continued) trust, is valued based on information reported by the investment advisor using the audited financial statements of the collective trust which are as of and for the year ended December 31, 2025. • Mutual funds are stated at the respective funds' net asset value per share, which is determined based on market values at the

s. ​ Participant Accounts ​ Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s voluntary contribution, any Company matching contribution, any discretionary profit-sharing contribution, and Plan earnings, and is charged for withdrawals, administrative expenses, and any allocation of Plan losses. Allocations are based on participant earnings, deferrals, account balances, or specific participant transactions as defined in the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. ​ Employee Contributions ​ Participants may contribute on a pre-tax and after-tax basis 1 % to 90 % of annual compensation subject to annual limitations set forth

ipants who are invested in Employer securities to elect to receive a distribution from their account in shares of Employer securities instead of cash. ​ Vesting ​ Participants are fully vested in their employee contributions, including “rollovers”, plus actual earnings thereon. Vesting in the Company’s contributions and earnings thereon is based on years of service and is determined as follows: ​ Number of Years of Service Vested Percentage ​ ​ 0 - 1 0 % 1 - 2 33⅓% 2 - 3 66⅔% 3 or more 100 % ​ Forfeitures ​ Forfeitures of non-vested accounts are used to reduce future Company contributions and/or to pay Plan expenses. For the year ended December 31, 2025 , the Plan used $ 80,479 of accumulated unapplied forfeitures to reduce Company contributions and $ 19,851 to pay Plan expenses. The unapp

ing rollover distributions from other qualified defined benefit or defined contribution plans. Additional voluntary contributions are not permitted. ​ Newly eligible employees are automatically enrolled in the Plan with a 6 % deferral rate unless they affirmatively elect not to participate in the Plan or elect a different deferral percentage and are invested in a designated fund until changed by the participant. 6 Metropolitan Commercial Bank 401(k) Plan ​ ​ Notes to Financial Statements ​ ​ 1. Description of the Plan (cont.) ​ Employer Contributions ​ The Company may make a discretionary matching contribution. Currently, the Company is matching 50 % of the first 6 % of a participant’s pre-tax contributions to the Plan. In addition, the Company may make a discretionary profit-sharing contr

able from participants ​ ​ ​ 51,429 ​ ​ ​ ​ ​ Total additions ​ ​ ​ 12,032,818 ​ ​ ​ ​ ​ DEDUCTIONS FROM NET ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ Benefits paid to participants ​ ​ ​ 2,164,397 Administrative expenses ​ ​ ​ 35,014 ​ ​ ​ ​ ​ Total deductions ​ ​ ​ 2,199,411 ​ ​ ​ ​ ​ Net increase in net assets available for benefits ​ ​ ​ 9,833,407 ​ ​ ​ ​ ​ Net assets available for benefits, beginning of year ​ ​ ​ 33,848,117 ​ ​ ​ ​ ​ Net assets available for benefits, end of year ​ ​ $ 43,681,524 ​ ​ ​ ​ ​ See accompanying notes to the financial statements. ​ ​ 5 Metropolitan Commercial Bank 401(k) Plan ​ ​ Notes to Financial Statements ​ ​ 1. Description of the Plan ​ The following description of the Metropolitan Commercial Bank 401(k) Plan (the Plan) is provided only for general information. Partici