6. You have recently been hired as an employee benefitconsultant and have been a

6. You have recently been hired as an employee benefitconsultant and have been asked to recommend the establishment ofeither a defined contribution or a defined benefit plan. Given thefollowing employer objectives which type of plan would yourecommend? Specify the type of retirement plan you would recommend.Explain how your recommendation would handle the employersobjectives. Employer objectives include majority of employees areyoung; would like to encourage long potential service; concerned about providing retirement income capital accumulationand/or estate benefits; and concerned about limiting theirfunding costs and administrative expenses.