ICM Profiles what folders is used for the monitor to pick up the profile?

Mac mini (Late 2012)

I've calibrated my monitor (using X-Rite, i1-Studio), the ICM profile (BenQ SW2700_20220106.icm) has been stored in my user ~/Library/Colorsync/Profiles (User folder) by the X-Rite application.

I also came across the system level folder "/Library/Colorsync/Profiles" (System wide).

1. What would be the correct folder to use so that the new ICM profile is picked up and used by my BENQ monitor?
2. And, how can I determine what ICM profile is in use or applied to the monitor?

Any assistance / direction would be most kind.

Thank you.

Stephen