Welcome to Foster & Foster

Foster & Foster is an independent national actuarial consulting firm that specializes in providing innovative consulting services to the following entities:

  • Public pension plans
  • Public post-retirement medical plans
  • Public and private active health plans
  • Taft-Hartley pension plans
  • Taft-Hartley health plans
  • Taft-Hartley post-retirement medical plans

Foster & Foster was founded in 1979 by Ward and Eileen Foster with a mission to provide actuarial consulting services to public pension funds. Mr. Foster’s impeccable integrity, quick wit, commitment to trustee education, and his insatiable desire to provide personal service for a modest fee propelled the firm to steadily grow and become the market leader for actuarial services in the State of Florida.

In 2005, Mr. Foster began phased retirement and turned over the reins to Brad Heinrichs, who has helped Foster & Foster triple its client base, quintuple the staff, and begin providing actuarial consulting services nationally. In 2008, Foster & Foster made a commitment to the Midwest by opening an office in Lincolnshire, Illinois, a suburb of Chicago. In 2010, this commitment was furthered by Foster & Foster’s acquisition of R.N. Blomquist & Company, a firm that provides Taft-Hartley health and welfare consulting services. Foster & Foster’s dedication and commitment continues to resonate well in this market, as we now provide Taft-Hartley annual reports, Taft-Hartley pension valuations, or public plan pension valuations to over 600 plans in the Midwest.

With clients having as few as 5 or as many as 180,000 members, Foster & Foster is small enough to provide customized solutions and personal service to all clients yet is equipped with the resources capable of servicing the largest plans in the country. By developing innovative plan designs and continuing our commitment to trustee education, our firm has partnered with clients to find ways to make their contribution dollars go further and last longer.

Foster & Foster Welcomes

City of Chicago Heights (May 2017)

Village of Itasca Police Pension Fund (May 2017)

Macomb Police and Fire Pension Funds (May 2017)

City of Pekin Firefighters’ Pension Fund (April 2017)

Neptune Beach Police Officers’ Retirement Fund, Plan Administration Services (February 2016)

Temple Terrace Police Officers’ Retirement Fund, Plan Administration Services (February 2016)

City of Bradenton Police Officers’ Retirement System, Plan Administration Services (April 2016)

City of Tavares Firefighters’ Pension Trust Fund, Plan Administration Services (April 2016)

City of Tavares Police Officers’ Pension Trust Fund, Plan Administration Services, (April 2016)

Town of Orange Park Police Officers’ Retirement Trust, Plan Administration Services (May 2016)