Instructions: You may work in a group of up to two people to complete their 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 Canvas by the due date and time identified. Fina Inc is a consulting firm organized as an S-Corporation and is wholly owned by Rams 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 Rams Corp is interested in implementing some sort of retirement plan for the firm. The management of Rams would like your advice as to which plan would fit the best. The management has provided their objectives to you below. - Profitability is inconsistent, so mandatory funding would not be the best situation. - The management of Rams Corp is not willing to take on investment risk of the plan. - The management of Rams Corp would like a plan that can shelter some of its 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. - Rams Corp understands the non-discrimination testing. and he is concerned about the non-highly compensated employees participating. - The management of Rams Corp is 40 years old, and the average employee age is 35 . - The management of Rams Corp has a salary of $155,000, and all other employees are under their salary. - There are 102 full-time employees of the firm. - Due to inconsistent profitability, Rams 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 Rams Corp is not interested in diluting ownership at this time. Taking into account the above objectives of Rams 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 12pt font face, and be double spaced