Foster & Foster Acquires Indiana-Based UnitedActuarial Services, Inc.

Deal Creates a Taft-Hartley Powerhouse in the Pension and
Health & Welfare Arenas

FORT MYERS, FL — Foster & Foster Consulting Actuaries, Inc., a premier actuarial consulting firm based in Fort Myers, Florida, which predominantly works with Taft-Hartley and public pension, and health and welfare plans in the United States, announced today that it has completed
the acquisition of United Actuarial Services, Inc. (UAS). UAS has provided full-service actuarial
consulting to multi-employer pension and health care plans since 1951 and is one of the most
respected firms in the Taft-Hartley space.

The deal follows a string of key acquisitions Foster & Foster has made in recent years including
Beyer Barber in Pennsylvania, Rodwan Consulting in Michigan, Key Benefit Concepts in
Wisconsin, as well as Bartel Associates, Demsey Filliger & Associates, and Total Compensation
Systems, all of which are based in California. The UAS professionals will continue to operate from
their long-standing Carmel, Indiana office.

“I am very excited about what this acquisition means for our clients and for our consulting teams,”
said Brad Heinrichs, Chief Executive Officer of Foster & Foster, a national leader in actuarial
and benefit consulting services. Broadening service offerings, expanding our depth of resources,
increasing professional development for our employees, and providing a platform for multiemployer plans is a privilege we take very seriously. We are now a true powerhouse in the TaftHartley space-built to run for decades to come. Foster & Foster is thrilled to collaborate with our
new colleagues, to finally have an office in the great state of Indiana, and to provide additional
tools and resources to our growing client base – now numbering 3,000 Taft-Hartley and
governmental entities across the country.”

Hans Kraabel, Chairman and Chief Executive Officer of UAS said, “Foster & Foster brings
great depth of experience and unmatched talent to help us better serve the evolving needs of our
clients, and we are thrilled to join their dedicated team of actuaries and consultants. We are
confident that our clients will see our ongoing commitment to delivering exceptional work for the
folks we have diligently served for decades. I have full confidence that our clients will enjoy
excellent service and access to additional resources, while our employees continue to grow under
Foster & Foster’s leadership.”

Since 1979, Foster & Foster’s teams of actuaries and benefit consulting experts have been trusted
advisors to a wide range of Taft-Hartley and public sector organizations. The firm has prided itself
on providing strategic guidance to help its clients forecast and navigate a myriad of challenges,
including the excessive costs of health care, demographic changes and economic downturns
impacting pension funding and benefit offerings, as well as the harmful effects of pension reform.
The firm works in partnership with its clients to mitigate the financial strains, caused by cost
cutting measures, on millions of working men and women and the communities they serve.

UAS is one of the few actuarial consulting firms focused exclusively on servicing the Taft-Hartley
community, working every day for the last 75 years to help address the issues faced by multiemployer trustees and fund professionals. UAS also offers robust research and cybersecurity
offerings, which are of increasing importance in today’s world. With over 200 clients across 30+
states, this acquisition will enable Foster & Foster to further expand its Taft-Hartley pension and
health practice groups nationwide.

ABOUT FOSTER & FOSTER
Based in Fort Myers, Florida and founded in 1979, Foster & Foster provides actuarial pension and
health and welfare consulting services to Taft-Hartley, public, not-for-profit, and private
organizations throughout the country. Foster & Foster seeks to maximize the benefits that can be
afforded to Taft-Hartley members across all trades, including electricians, painters, iron workers,
laborers, sheet metal workers, healthcare workers, carpenters, sanitation workers, teamsters, as
well as to police officers, fire fighters, teachers and other municipal, county, state employees
across the country. Foster & Foster’s client base consists of public employees, who provide the
essential services that communities around the United States depend on every day. For more
information about Foster & Foster, please visit www.foster-foster.com.