Law homework help. Design a 650-word total compensation plan (written in the third person voice) for an imaginary competitor of Walmart. Your plan should address the following details:Internal and external equity (325 words)A retirement plan and how participation will be driven (325 words)Please include 2 references and in-text citations. Format should meet APA guidelines.Running Head: COMPENSATION PLAN Compensation PlanFirst Name, Last NameUnit titleDate COMPENSATION PLAN 2 Internal and External EquityCompensation has over the years been one of the most…