QSLOB treatment

[K2retire]

We have a plan for 2 banks that are part of a controlled group with a lumber company. The banks want to make profit sharing contributions, but the lumber company does not. We proposed that they file as QSLOBs to facilitate this. After recommending that to the CFO of the lumber company, who discussed it with their TPA, we learned that there is a third bank that is part of the lumber company plan. Discussions are underway to move it to the bank plan, but the provider on the lumber company plan says it can't be done before March of next year. We're investigating that response.

Meanwhile, I'm being asked if we can proceed with the QSLOB election while the companies in the banking SLOB are participating in different plans. It seems logical that they could, but I have no experience with these things and don't really know where to direct them for advice. Any tips would be greatly appreciated.