401k and 403b contribution limit

[Santo Gold]

The elective deferral limit for 2012 (under age 50) is $17,500. That is across all plans, correct? So if an individual had the ability to participate in both a 401k and a 403b plan, the most she could deposit in 2012 is $17,500 total, not $17,500 to each plan, correct?

Thanks

[ETA Consulting LLC]

Correct.

Good Luck!

[K2retire]

Unless one of the plans is a 457 plan.

[Santo Gold]

Got it. Thanks