Company: CMTV
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001654954-25-007429
Chunk: 6

Company: COMMUNITY BANCORP /VT
Filing Date: 2025-06-26
Form: 11-K
Chunk 6
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     | $    |  2,901,047 |
| Marketable equity securities |     |         |  7,795,677 |     |      |  8,183,430 |
| Mutual funds                 |     |         | 27,232,965 |     |      | 22,388,587 |
| Total assets at fair value   |     | $       | 36,826,541 |     | $    | 33,473,064 |

| 8 |

<div align='center'>COMMUNITY BANCORP & DESIGNATED

SUBSIDIARIES RETIREMENT SAVINGS PLAN

Notes to Financial Statements

December 31, 2024 and 2023</div>

Note 4. Tax Status

The Plan is part of a prototype plan designated by Future Planning Associates, Inc., the record keeper of the Plan. The Internal Revenue Service has determined and informed the record keeper by a letter dated June 30, 2020 that the prototype plan is designed in accordance with the applicable sections of the IRC. The Plan has been amended since receiving the opinion letter. However, the Plan Administrator and the Plan’s tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC.

Note 5. Plan Termination

Although it has not expressed any intention to do so, the Bank has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions set forth in ERISA. In the event of Plan termination, participants would become 100% vested in their employer contributions.

Note 6. Party-In-Interest Transactions

Community Financial Services Group, LLC is the Plan’s custodian. The Bank has a one-third ownership interest in Community Financial Services Group, LLC. There were no fees paid to the custodian by the Plan for investment management services for the year ended December 31, 2024.

The Plan allows for participant contributions to be invested in common stock of the Company. At December 31, 2024 and 2023, the Plan held 466,807 and 454,635 shares of Company common stock, respectively, valued at $7,795,677 and $8,183,430, respectively.

There were no party-in-interest transactions which are prohibited by ERISA Section 406 and for which there is no statutory or administrative exemption.

Fees paid to Future Planning Associates, Inc. for participant loan setup amounted to $1,850