As you review the information on this website, this section will help you become more familiar with important terms that are used.

Investments are typically riskier over the short term, but historically offer greater returns over the long term.

A regular monthly payment that is made over your lifetime and potentially your beneficiary's lifetime, depending on the chosen annuity type.

The process of dividing investments among major asset categories, such as bonds, stocks, and cash, usually to balance risk and create diversification.

A person, trust, estate, or other entity that is entitled to receive all or a portion of your benefit.

A medication manufactured by a single pharmaceutical company under a proprietary name. A brand-name drug is protected by an exclusive patent.

A payment option where you receive a benefit payable for your lifetime and guarantees the benefit will be paid for a certain number of years.

A percentage of covered expenses you pay, after meeting any applicable annual deductible, when you receive coverage for services or prescription drugs. When you pay coinsurance, you are paying a percentage of the cost for a service. For example, if the negotiated rate for an in-network doctor's office visit is $200 and the medical option you choose covers 70%, you pay $60 (100% - 70% = 30% × $200 = $60).

Investments meant to minimize risk over the short term, but that historically earn less and have lower returns over the long term.

Designated amount deducted from your paycheck and invested in the 401(k) Savings and Profit Sharing Plan or the amount you pay through payroll deductions for your medical coverage.

A specific, flat-dollar amount you receive in-network coverage for services or mail-order prescription drugs.

The fixed dollar amount that you must pay each year toward covered medical expenses before the plan benefits are paid.

The process of spreading your savings across more than one type of investment to avoid taking undue risk and protect against the volatility that can result from putting your entire savings in one type of investment.

An application process in which you provide medical information regarding the condition of your health. Evidence of insurability may be required to enroll in or increase some insurance coverage.

A medication that, by law, meets the same standards for safety, purity, strength and quality as its brand-name counterpart. A generic drug is not protected by a patent.

Available only to participants of the Account-based Option, an HRA is a record-keeping account that McGraw-Hill monitors on behalf of each Account-based Option participant. After you have paid a primary deductible, the HRA pays the next portion of covered expenses. If you do not spend your entire HRA and you remain enrolled in the Account-based Option for the following year, your unused HRA balance will carry over from one year to the next. You will lose any remaining balance in your HRA if you enroll in a different medical option or when you terminate your employment.

Funds that attempt to mirror the performance of a particular investment index, such as the S&P 500. They typically have lower fees than actively managed funds.

Refers to benefits provided by a group of doctors, dentists, hospitals, other medical providers and pharmacies that participate in a managed care network. The providers agree to provide care and services at negotiated rates in exchange for participation in the network.

A payment option where you receive a benefit payable to both you and your spouse as long as either one of you is alive.

The fee an investment company charges you for doing business with them. This fee is a percentage of your investment, assessed before the investment actually earns a return or suffers a loss. A "no-load" fund does not charge an up-front fee.

Investments that seek long-term growth by investing in stocks of mid-size companies.

An investment vehicle that gives small investors access to a well-diversified portfolio of equities, bonds, and other securities. Each mutual fund portfolio is invested in accordance with a stated set of objectives.

The investment option in the 401(k) Savings and Profit Sharing Plan that allows you to invest in thousands of mutual funds outside the core funds in the Plan.

Coverage not connected to a provider network. You choose any doctor or hospital. You will generally have higher out-of-pocket expenses if you go out-of-network for your medical care than if you use a network provider.

Costs you pay over the course of the year as you receive care, including the deductible, copays and coinsurance, but not including your contributions for coverage.

The most you can pay out-of-pocket for covered expenses per individual during the plan year, including coinsurance but not deductibles, copays, or charges above reasonable and customary.

A collection of investments held by an individual or institution. Your 401(k) portfolio may include several different types of investments.

Money you put into the 401(k) Savings and Profit Sharing Plan through payroll deductions, before taxes are calculated. This money grows in your account tax-deferred.

The amount an investment changes in value (gains or losses) over a period of time, expressed as a percentage of the initial investment.

The most the plan will consider for covered out-of-network expenses. R&C charges are based on the range of fees charged by providers with comparable training and experience for the same or similar service in a particular geographic area. The plan will pay benefits based on the R&C limit; you are responsible for any amount over the R&C limit.

The process of adjusting your investment mix to match your goals. For example, you may choose to invest 60% of your money in stocks and 40% in bonds. But if the stock market grows over a few years, your investment mix might shift to 70% stocks and 30% bonds. By rebalancing, you can adjust your investments back to your intended 60%/40% strategy.

Your willingness to weather downturns in your investment in exchange for higher returns. You may have a high or low risk tolerance, or something in between.

A payment option where you receive a benefit payable to you as long as you live with no continued payment to a beneficiary.

Investments that seek long-term growth by investing in stocks of smaller and/or up-and-coming companies.

Companies sell stock to raise money. When you buy stock, you buy a part of the company that issued the stock. Stocks are also known as equity investments.

The process by which you gain ownership of Corporation matching contributions and their earnings.

The ups and downs of the value of an investment. Stock investments tend to have higher volatility than bond or stable value (income) investments.