Can you be employed and contribute the maximum to a 457 plan in addition to owning an S-corp and contributing the maximum to your SEP plan through the S-corp at the same time?

Is either contribution limited to the total of $51,000 that the SEP is limited to (i.e. $17,500 contribution to the 457 and $33,500 to the SEP for a grand total of $51,000)? Or can both accounts be maxed out in any given year?

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