limits on contributions both to SEP & 403(b)

[Guest vatman]

Are there specific limits for a person who is both a 493(b) employee and independent contractor, and therefore contributes both to the university plan and a SEP?

[Guest Sieve]

In addition to the SEP limitation (25% of compensation), there is a single annual addition limitation for the combined arrangements (because the individual owns 100% of his/her business), so the aggregate contributions/allocations for the individual cannot exceed $49,000 (or $54,500, if the individual is age 50 or older).