helter asks:

I've got my own S-Corp - I found somewhere on the net that the contribution limit for SEP's is 25,500 = 15% of 170,000.

Can you guys verify this?

I can verify it. However don't take my word for it. Get Form 5305-SEP(Rev. 1-2000) from www.irs.gov. In this newly revised version you will have official verification.

I quote from this form:

Contribution limits.
The SEP rules permit
you to make an annual contribution of up to
15% of the employee's compensation or
$30,000*, whichever is less. Compensation,
for this purpose, does not include employer
contributions to the SEP or the employee's
compensation in excess of $170,000*. If you
also maintain a Model Elective SEP or any
other SEP that permits employees to make
elective deferrals, contributions to the two
SEPs together may not exceed the smaller of
$30,000* or 15% of compensation for any
employee.

* This amount reflects the cost-of-living increase effective January 1, 2000. The amount is adjusted
annually. The IRS announces the increase, if any, in a news release, in the Internal Revenue Bulletin,
and on the IRS's Internet Web Site at www.irs.gov.
Cat. No. 11825J Form 5305-SEP (Rev. 1-2000)

PtSurMr