. You have recently been hired as an employee benefit consultant and have been asked to recommend the establishment of either a defined contribution or a defined benefit plan. Given the following employer objectives, which type of plan would you recommend? Specify the type of retirement plan you would recommend. Explain how your recommendation would handle the employer’s objectives. Employer objectives include • majority of employees are young; • would like to encourage long potential service; • concerned about providing retirement income, capital accumulation, and/or estate benefits; and • concerned about limiting their funding costs and administrative expenses.