Create a recommendation for a new client wishing to adopt a retirement plan, providing support for why you believe this is perhaps the best plan.

The new client is a US-based subsidiary of a German pharmaceutical firm. It began hiring US-based employees less than a year ago and currently has about 35 hired. The firm is finding it challenging to compete with larger companies here in the US without offering benefits similar to those larger firms such as retirement plans. The CFO of the firm has come to you and is giving you the following fact set in addition to the above:

• Anticipate hiring another 70 employees in the next 24 months,
• they would like a very high degree of latitude with respect to company contributions,
• they are willing to make a commitment to low-level contributions at this time however only for those employees who are contributing themselves,
• currently half of their workforce, and within 24 months still about one third of their workforce is anticipated to make more than $130,000 a year in compensation