Updating Retirement Savings in GMS

Employees can change their 403(b) retirement savings elections at any time through the Georgetown Management System (GMS). 

Getting Started in GMS

• Log in to GMS with your Georgetown netID and password
• From your Home page in GMS, click the Benefits & Pay application
• Under Tasks and Reports, click Change Retirement Savings.
• Click Edit.
• Enter an Event Date for the changes to take effect. You may use today’s date or choose a future date.
• Click Continue.

Making Changes to Defined Contribution Retirement Plan

The first section is in reference to your Defined Contribution Retirement Plan, the portion that gets you a match from GU.

Follow these instructions to update your elections to the DCRP:

• In the field labeled Employee Contribution – Percent, enter the percentage you would like to be taken pre-tax from your paycheck and routed into your 403(b) account (0, 1, 2 or 3)
• In the column labeled Employee Contribution Allocation you will indicate the percentage of your contributions that you would like sent to each company (i.e. if you wanted all of your money to go to an account with TIAA, you would enter “100” in the field next to TIAA).*
• You do not need to put anything in the Employer Contribution Allocation column unless you chose not to contribute to the plan, in which case you will indicate the company to which your 5% employer contribution should go.*

Making Changes to the Voluntary Contribution Retirement Plan

The second section refers to the Voluntary Contribution Retirement Plan (VCRP), which allows you to contribute in excess of the 3%, up to the IRS Maximum Contribution Limit. This portion gets you no match from the University. You may contribute to the plan on a pre-tax or Roth (post-tax) basis.

Follow these instructions to update your elections to the VCRP:

• Enter either a dollar amount or a percentage to be deducted per-pay period.
• In the column labeled Employee Contribution Allocation you will indicate by company the percentage of your contributions that you would like deducted pre-tax or Roth (i.e. if you wanted all of your money to go to an account with TIAA on a pre-tax basis, you would enter “100” in the field next to TIAA Pre-Tax; If you would like half of your money to go to an account with TIAA on a Roth basis, you would enter “50” in the field next to TIAA Roth and “50” in the field next to TIAA Pre-Tax).
  • Do not enter anything in the Employer Contribution Allocation column.
• Click Submit to finalize your elections.

Contribute up to the IRS Maximum Limit in VCRP

You may contribute up to the annual IRS maximum contribution limit each year by enrolling in the Maximize VCRP plan in GMS.

Your annual election up to $24,500 will be deducted pre-tax from remaining pay for the calendar year. For example, if in October you go from contributing $0 to $24,500, that amount will be deducted from your remaining pay through December 2026.

Employees age 50 or older whose 2025 FICA wages are $150,000 or more will be required to make all catch-up contributions on a Roth (after-tax) basis. This applies only to catch-up contributions; regular pre-tax or Roth deferrals are not affected. These increases provide additional opportunities to boost your retirement savings in the coming year. In 2026, DCRP contributions are made on the first $265,000 of salary, up from $255,000 in 2025.

Instructions

• Log into the Georgetown Management System (GMS).
• Navigate to Benefits > Change Retirement Savings > Edit.
• Adjust your VCRP contribution amount to $999.
• Select the “Maximize VCRP” option.
• Review your selections, then Save and Submit. Your request will be sent to us for approval.

By following these steps, you will be set to contribute maximum amount allowable by the end of the calendar year. Please be aware, this may involve allocating your entire paycheck to reach the contribution maximum.

Additionally, by becoming a member of the “Maximizer Club,” your contributions will automatically adjust every January. This allows you to consistently contribute the IRS maximum each year. You retain the flexibility to change your contribution amounts at any time.

Retirement Investment Company Contacts

• Fidelity    1-800-343-0860                            
• TIAA       1-800-842-2776         
• Vanguard 1-800-523-1188

Frequently Asked Questions

Questions?
Contact us any time at
benefitshelp@georgetown.edu or 202-687-2500