History

Foster & Foster was founded in 1979 by Ward and Eileen Foster with the objective to perform actuarial services to public pension plans in the State of Florida. Over the years they developed a successful practice that became one of the leading actuarial service providers for public pension plans in the state.

In 2005, Brad Heinrichs took the reigns as CEO as Ward and Eileen retired. Heinrichs left the corporate actuarial world where a majority of his time was spent focusing on non-qualified plans for C-suite executives, to focus on a workforce who serves the greater good.

In order to better serve these clients, Brad has focused on diversifying service offerings, upgrading technology, expanding Foster & Foster’s geographical footprint, and becoming a national brand with hundreds of actuaries and consultants.

Today, Foster & Foster provides pension and health & welfare consulting services to the public sector, corporate sector (small and large plans), and the Taft-Hartley market. Additionally, we administer public pensions and perform cybersecurity audits for clients of all types. We have offices across the U.S., with clients in over 40 states, and nearly 200 actuaries and consultants. We are truly a national firm with a national brand of superior client service for those who serve the greater good.

Our proud history is one of consistent organic growth, supplemented by several acquisitions that have diversified our client base, improved our talent pool, and increased our service offerings to our clients. Our retention rates are unparalleled in the industry, which has led to client relationships that have lasted for decades. Many of our employees have worked full careers here and retired with a substantial pension from our pension plan.