Foster & Foster is an independent national actuarial consulting firm founded in 1979 by Ward and Eileen Foster.  In that first year, the firm had one consultant with revenues of $1,500.  Today we have offices from coast to coast and provide consulting and actuarial services to over 400 clients representing over 1 million participants.

In 2005, Brad Heinrichs came aboard Foster & Foster and became the President and CEO.  He has taken several steps to expand and diversify the business, which had previously focused solely on Florida public pension funds.  Below are a few of the highlights:

  • In 2006, became first firm in Florida to develop an online benefit calculator for clients to perform instantaneous benefit calculation estimates at their leisure
  • In 2006, expanded services to provide actuarial services to postretirement welfare programs, including GASB 43/45 reporting compliance
  • In 2008, the firm opened an office in Lincolnshire, IL to diversify our client base and service public pension funds in Illinois. Foster & Foster hired Jason Franken, a Fellow of the Society of Actuaries, to lead the practice
  • In 2010, Foster & Foster acquired R.N. Blomquist & Company, a consulting firm specializing in providing consulting services to Taft-Hartley health and welfare plans. Travis Smith joined Foster & Foster to lead this group through an office in Oakbrook Terrace, IL
  • In 2012, Foster & Foster acquired SJ Actuarial, a sole proprietorship headed up by Shelley Johnson, who focuses on providing consulting services to the Louisiana State Employees’ Retirement System (LASERS) and the Teachers’ Retirement System of Louisiana (TRSL). This acquisition provided F&F an entrée into working for state retirement systems
  • In 2018, Foster & Foster acquired the Marsh Consulting Group in Paso Robles, California. This acquisition expanded Foster & Foster’s footprint out to the West Coast and provided an opportunity to work with faith-based organizations
  • In 2018, Foster & Foster opened an office in Alpharetta, Georgia (a suburb of Atlanta), and hired three credentialed actuaries (Joe Griffin, Amanda Martin, and Tim Bowen) to lead this practice