Please thoroughly explain the defined contribution pension plan design. Describe employee and employer obligations, entitlements and contribution issues, administration structures, risk burden, etc. Be specific. Time off with pay is important to all employees in today’s workplace. Please discuss the various “time off with pay” benefit options offered by companies today. Please include discussion and examples on all arrangements, including but not limited to: sick time, vacation time, jury duty, funeral time, etc. Discuss the options and various plan designs of each.