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Mina, age 50, has a business with the following employees:EmployeeDate of BirthEmployment Start DateCompensationAli4/24/19856/30/2017$56,000Bob6/25/19762/30/2010$120,000Cindy3/15/19874/25/2008$75,000David2/4/19977/14/17$87,000Edward2/28/199310/14/2012$47,000Mina earns $450,000 and has for about4 years. There is no retirement plan now and Mina would like toadopt one that will give her personally the most beneficial andcost the minimum amount for her employees. What plans should Minaconsider? Explain what plan or plans you would recommend to her andwhy you make that recommendation. For your recommended plans, besure to include specific plan design features that the plans wouldinclude.
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