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Company X offers a pension plan (PP) to its employees. The PP provides that every month each Company X and the participating employees pay up
Company X offers a pension plan (PP) to its employees. The PP provides that every month each Company X and the participating employees pay up to 5% of an employee's salary into the PP. However, should an employee pay less than 5% into the plan, for example only 3%, Company X would only match that lower amount. Which of the following statements correctly describe this PP? Select all that apply
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