I have a client who is a basketball coach and has a 403b plan and 457 plan through the University. He deferred 14k to each of these plans for 2005. He also has a Profit Sharing Plan for his LLC that he runs his basketball camp through. According to IRS Pub 571, you have to combine 403b deferrals with contributions to qualified plans of businesses that you are a 50% or greater owner of to see if you are over the 415 limit. My question is if the 457 deferrals would count against the 415 limit as well. Thanks for any help with this.

NO. See IRS pub 525, P8 col 2 elective deferrals which permit separate deferrals to 457 plans and 403b plans.