Connietwk

Is there any guideline that we will need to use up the qualified replacement plan balance before an employer can make a deductible profit sharing contribution? (i.e. if we have $150,000 under the QRP and the PS allocation is $100,000 for the plan year, can we use $50k from QRP in year 1 which satisfy the 1/7 rule and make $50k deposit for tax deduction? Thank you, Connie