Qualified replacement plan to reduce Profit Sharing contribution

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

Your requirement is to ratably allocate the QRP escrow over 7 years or less. You are not precluded from making current deductible contributions up to allowable limits. If you do the above, allocate $50k of a $150k balance, then you've started the QRP allocation cycle at 1/3, so next year you need allocate 1/2 of the remaining balance and then finish it in year 3.

No less rapidly than ratably, actually, according to the text.

Seems like you could do a third in year 1, as long as you still do at least a 6th in year 2, a 5th in year 3, rather than being forced into then only getting 3 years.  No?

Bri has it correct; Ken's comment about establishing a pattern that would require a 3 year total allocation period is not correct.