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An employer may reduce the three percent matching contribution requirement for a calendar year in a SIMPLE, IRA, but only under which of the following

An employer may reduce the three percent matching contribution requirement for a calendar year in a SIMPLE, IRA, but only under which of the following circumstances?
The limit is reduced to no less than one percent.
The limit is not reduced for more than two years out of the five year period that ends with (and includes) the year for which the election is effective.
Employees are notified of the reduced limit within a reasonable period of time before the 60 day election period for a salary reduction agreement.
1 and
1 and
3.
2 and 3.
All of the above
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