Thanks for the response.

Will the $45K limit still apply if the SEP-IRA contributions are being
funded 100% by the employer. Not by me. Would it still be considered
my contribution?

I believe that you can contribute to both so long as you are employed
by two employers in that year (self-employed is also a viability). You
are bound by the max contribution limits to each one based on the
allowable contrib for that year or the appropriate % of compensation,
whichever is less (catch-up contribs included, of course).

As you speculated, you are indeed bound by the max contrib limits
also. I believe that is $45k for 2007. Publication 560 will cover this
under SEPs.

Is there any rule that prohibits somebody from participating in a SEP-
IRA and a 401(k) with different companies simultaneously? As long as
all the contributions limits are being met for each of the plans
should the total still be under 45K for 2007?

I apologize if this is a repeat question but I couldn't find anything
very helpful when I searched this group.

Thank You.
M.