This Rocaton Insights explores the emerging concept of a “Retirement Tier” for Defined Contribution plans. Many Defined Contribution plan investment menus and service offerings were designed primarily around the accumulation phase. In recent years, many product development efforts have targeted the so-called decumulation phase, for investors nearing or in retirement who are planning for their future spending needs. Some of these innovative efforts have had limited adoption, particularly among larger plan sponsors. Industry discussions are again focusing on the decumulation phase and the concept of a Retirement Tier, which features a menu of products and services focused on retirement income planning and management.