Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|$24,000 Salary Is Reasonable for a 6-Year-Old's Part-Time Work?|
BenefitsLink Message Boards
July 30, 2021
"Many small-business 401(k) plans allow an owner's young children as participants. To support contributions, the child must be capable of, and actually perform, real work that is useful to the business. If the business does no advertising (or uses none in which a model's image would appear), is there an age that is too young for an owner's child to be a worker?"
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