Defined contribution (“DC”) retirement plans have made remarkable progress over the past three decades in helping American workers accumulate retirement savings. A significant part of this success has come from the introduction of plan features that reduce the burdens and roadblocks facing plan participants. The Pension Protection Act of 2006 (“PPA”),  for example, introduced automatic enrollment and qualified default investment alternatives (“QDIAs”) to assist participants in saving more and investing appropriately. With average account balances at an all-time high and an aging workforce, employers are now increasingly looking at new decumulation strategies to assist participants in responsibly withdrawing money during their retirement years.