How to designate beneficiaries at Human Interest

Employer-sponsored 401(k), 403(b) and profit sharing accounts cannot be retitled to a trust during the participant's lifetime.¹

IRAs generally cannot be retitled to a trust; the trust is named as beneficiary instead.¹

A trust cannot be selected as a beneficiary type. Human Interest's documented workaround enters the trust as a person, with Relation set to Other.¹

Primary and contingent beneficiaries can be named, with a percentage allocation entered for each beneficiary.²

A married participant naming anyone other than the spouse as primary beneficiary needs a spousal consent form signed by both, with the spouse's signature notarized or witnessed by a plan administrator.¹

An incomplete consent form voids the change: the beneficiary elections on the form are invalid and the beneficiary is the spouse by default.¹

For employer retirement plans. Completed by the participant and spouse. Completed online. Must be notarized.¹

Beneficiary designations override wills and other estate planning documents.¹

Human Interest states that an ex-spouse remains the beneficiary unless a new beneficiary is named.¹

Human Interest states that on remarriage the old beneficiary election becomes invalid and the new spouse is the beneficiary by default. A new spousal consent form restores a non-spouse election.¹

Removing the uploaded consent form from the dashboard revokes the elections it carried, leaving no election on file until a new one is made.¹

Human Interest IRAs, on a separate portal¹