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Foster & Foster is an independent actuarial consulting firm based in For Myers, Florida. Founded in 1979, Foster & Foster’s goal was to provide actuarial services to public retirement and other post-employment benefit programs. This allowed Foster & Foster to provide expert advice and support in all phases of the design and administration of retirement and post-employment benefit plans.

In 2005, Brad and Sandra Heinrichs acquired Foster & Foster from its founders, Ward and Eileen Foster. Brad pioneered the development of an online benefit calculator, making an indelible footprint in the public plan marketplace. This unique tool lets pension plan participants make more educated retirement decisions by allowing them to run benefit estimates for themselves well in advance of retirement.

To facilitate the growth of the firm, we expanded our services to provide actuarial services to other post employment benefit (OPEB) plans as required by Government Accounting Standards Board Statements No. 43 and 45. Foster & Foster also hired an FSA with over 20 years of experience in valuing postretirement medical and disability programs to strategically lead this practice. Now we consult to over 60 clients in this area.

To diversify our client base and to expand into the Midwest market, the firm opened an office in Lincolnshire, Illinois in 2008, and then subsequently acquired R.N. Blomquist & Company in July 2010, which is located in Oakbrook Terrace, Illinois. This acquisition broadened Foster & Foster’s services to include consulting for health and welfare funds, allowing us to provide clients with efficient and integrated services for all of their plans. Blomquist & Company has been a leader in developing creative cost-containment strategies for the last four decades, assisting health plans grapple with escalating medical costs and the evolution of delivery systems. The addition of Blomquist & Company’s expertise in Taft-Hartley funds also expands the knowledge base offered by Foster & Foster.

Foster & Foster grew from a one client firm to more than 250 clients today. We have remained a profitable and debt-free firm by providing quality work at the lowest possible cost.

At Foster & Foster, we strive to excel in five main areas:


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