Fifteen years ago, a man inherited an ink-pump company, which he now wants to sell. The company makes all of the ink-pumps that print the bags for Doritos. The original owner of the company lived in London, but the company was physically located in a medium-sized town in America. Because the original owner lived overseas, they did not offer a retirement plan for the employees. The inherited owner has always regretted that situation but never fixed it because he was too busy learning how the company worked and the various nuances of the industry. The inherited owner is now considering retiring next year when he turns 60 and he is willing to sell the business as part of his retirement process since most of his net worth is tied up in his business. He has no children who are interested in the business and he wants to figure out how he could provide a benefit for his employees and retire at the same time. What plan type is best for this potential client?

a Straight Defined Benefit Plans, a Target Benefit Plans, an ESOP, a SIMPLE, a SEP, a 401(k), a 403(b), a Profit Sharing Plan, or a Money Purchase Pension Plan.