In SW2009 SP5.0 - Can you control the depth of propogated feature?

We have a hole that is being cut in a top level assembly. The hole location is relative to the location of another sub-assembly within the top level assembly.

We only want the hole (cut) to be propagated to the next level of the sub-assembly where the cut should be made after assembly of the sub-assembly during fabrication. We do not want the feature (cut) to be propagated all the way down to the part. Is this possible? If so, how?