Choosing a Corporate Retirement Plan A rubric will be used to grade the assignment Instructions: You must work as a group to complete this assignment. For each of the plans discussed in class, excluding NQDC, discuss how each of the plans meet the need and objectives of the firm listed. Ultimately your job is to recommend one plan to the company plus any specific plan benefits/restrictions that should be included. You are to upload a soft copy to Blackboard by the due date and time identified. Fina Inc is a consulting firm organized as an S-Corporation and is wholly owned by Broncs Corp. The corporation does work relating to the oil industry, and business and profits are directly tied to the price of oil. Lately, the business has been doing well and Broncs Corp is interested in implementing some sort of retirement plan for the firm. He would like your advice as to which plan would fit the best. He has provided his objectives to you below. Profitability is inconsistent, so mandatory funding would not be the best situation. Broncs Corp is not willing to take on investment risk of the plan. Broncs Corp would like a plan that can shelter some of his income from taxation, while still providing a benefit to employees and a plan design that will help attract and particularly retain good employees. Turnover isn't good for Fina Inc due to training costs. Broncs Corp understands the non-discrimination testing, and he is concerned about the non-highly compensated employees participating. Broncs Corp is 40 years old, and the average employee age is 35. Broncs Corp has a salary of $155,000, and all other employees are under his salary. . There are 102 full-time employees of the firm. Due to inconsistent profitability, Broncs Corp would like to have the employees be able to save some of their own salary (pre-tax) in the plan while still allowing Fina Inc to share profits when able to. . The plan should be fairly inexpensive and Broncs Corp is not interested in diluting ownership at this time. Taking into account the above objectives of Broncs Corp and Fina Inc, what type of plan(s) would be the best for the company? Explain why your choice is the best for full credit, and why the other plans would not be the best according to the company objectives. No credit will be given for an answer that is a plan name only. Write a report that communicates your choice of corporate retirement plan. The report should have 1 inch margins, times roman 12 pt font face, and be double spaced. The report should be of sufficient length to adequately cover the requirements above. Taking into account the above objectives of Broncs Corp and Fina Inc, what type of plan(s) would be the best for the company? Explain why your choice is the best for full credit, and why the other plans would not be the best according to the company objectives. No credit will be given for an answer that is a plan name only. Write a report that communicates your choice of corporate retirement plan. The report should have 1 inch margins, times roman 12 pt font face, and be double spaced. The report should be of sufficient length to adequately cover the requirements above