Company: CMA
Filing Date: 2025-05-29
Form Type: 11-K
Source: 0000028412-25-000169
Chunk: 5

Company: COMERICA INC
Filing Date: 2025-05-29
Form: 11-K
Chunk 5
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 to Participants
Upon separation from service with the Corporation for any reason, a participant whose vested account balance is $7,000 or less may elect to receive either a lump sum or a rollover distribution. A participant whose vested account balance is greater than $7,000 may elect a distribution or remain in the Plan. Distribution options include a rollover distribution, lump sum distribution or monthly, quarterly or annual installments over a fixed period. Distributions are recorded when paid.

In-service withdrawals are permitted upon request of a participant with an attained age of at least 59-1/2 years and in certain other limited circumstances, as defined by the Plan. Hardship withdrawals are allowed for participants incurring an immediate and heavy financial need, as defined by the Plan. Hardship withdrawals are strictly regulated by the IRS and a participant must exhaust all available loan options and available distributions prior to requesting a hardship withdrawal. In-service loans and hardship withdrawals are not permitted on Retirement Account Plan balances.

#### Plan Expenses
Administrative expenses incurred in connection with the operation of the Plan are paid by the Corporation with the recordkeeper. Certain participant loan fees and transaction expenses are deducted from loan or distribution proceeds, as applicable, or are charged directly to the participant's account. Investment expenses are generally paid at the fund level by participants. Additionally, the Plan offers fee-based advisory services to participants. Fees for these services are charged directly to the participant's account.

#### 2. Summary of Significant Accounting Policies

#### Basis of Presentation
The accounting and reporting policies of the Plan conform to U.S. generally accepted accounting principles (GAAP). The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts in the financial statements and accompanying notes. Actual results could differ from those estimates.

#### Investment Valuation and Income Recognition
Fair value measurement applies whenever accounting guidance requires or permits assets or liabilities to be measured at fair value. Fair value is defined as an estimate of the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction (i.e., not a forced transaction, such as a liquidation or distressed sale) between market participants at the measurement date. Fair value is based on the assumptions market participants would use when pricing an asset or liability. GAAP establishes a three-level fair value hierarchy based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. The fair value hierarchy gives the highest