Name

Foster & Foster

Legal name

Foster & Foster Consulting Actuaries, Inc.

Website

https://foster-foster.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Fort Myers

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Actuarial Consulting Services: Professional services revenue generated from providing actuarial consulting for retirement plans (defined benefit public pensions, multi-employer plans) and health & welfare benefit plans. Services include pension reform advisory, municipal cost-cutting measures guidance, OPEB consulting, and regulatory compliance.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels6 records

Core offering

Foster & Foster provides independent actuarial consulting services for retirement and health & welfare benefit plans, including defined benefit public pensions, multi-employer/Taft-Hartley plans, and private self-funded health plans. Core offerings span Retirement Services (actuarial valuations, pension reform advisory, GASB/IRS compliance, OPEB consulting), Health & Welfare Consulting (plan design, regulatory compliance, cost control), and third-party Plan Administration Services, all delivered through a network of 11+ regional offices and supported by proprietary client portals.

Product overview

Foster & Foster is an independent national actuarial consulting firm offering a unified suite of actuarial services for retirement and health & welfare benefit plans. The company provides Retirement Services and Health & Welfare Consulting as its core service lines, supported by client-facing digital tools including the Pension Benefit Portal (powered by PensionSoft Corporation) for participant self-service, a Plan Administration Portal for plan management, and online calculator tools. The company serves public, private, and multiemployer benefit plan sponsors, with a focus on Taft-Hartley plans, governmental entities, and private self-funded health plans.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Services Actuarial consulting for retirement plans including defined benefit public pension plans, multi-employer/Taft-Hartley pension plans, and OPEB (Other Postemployment Benefits). Services include actuarial valuations, pension calculations, GASB and IRS regulatory compliance, pension reform advisory, and municipal cost-cutting guidance for plan sponsors ranging from 5 to 180,000 members.
• Health & Welfare Consulting

Quantifiable outcome

• Plan sponsors experiencing reduced financial strains through proactive pension reform navigation
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• United Actuarial Services, Inc. (UAS)coreStrategic or Co-development Partner · 1 April 2026Foster & Foster acquired Indiana-based United Actuarial Services, Inc., a firm specializing in actuarial consulting for multi-employer pension and health care plans since 1951. The deal created a 'Taft-Hartley Powerhouse' with over 200 UAS clients across 30+ states added to Foster & Foster's existing 3,000+ client base. UAS continues operating from its Carmel, Indiana office.
• Key Benefit Concepts, LLC (KBC)coreStrategic or Co-development Partner · 2 January 2024Foster & Foster acquired Wisconsin-based Key Benefit Concepts, LLC, which had provided quality and cost-effective actuarial consulting services to public agencies for 31 years. KBC's core business focused on OPEB consulting, working with hundreds of public entities throughout Wisconsin and beyond. Professionals continued operating from the Wales, Wisconsin office.
• Demsey, Filliger & Associates, LLC (DFA)coreStrategic or Co-development Partner · 2 January 2024Foster & Foster acquired California-based Demsey, Filliger & Associates, LLC, which had provided quality and cost-effective actuarial consulting services to public agencies for 21 years. DFA professionals joined Foster & Foster's San Mateo, California office. The acquisition deepened their OPEB consulting practice and West Coast presence.
• Beyer Barber CompanycoreStrategic or Co-development Partner · 13 January 2021Foster & Foster acquired Pennsylvania-based Beyer Barber Company as part of their strategy to expand national footprint. The acquisition added Pennsylvania coverage to their growing network of regional offices.
• Rodwan Consulting CompanycoreStrategic or Co-development Partner · 13 January 2021Foster & Foster acquired Michigan-based Rodwan Consulting Company as part of their strategy to expand national footprint. The acquisition added Michigan coverage, later establishing a formal Michigan office in Farmington Hills.
• Marsh Consulting Group (MCG)coreStrategic or Co-development Partner · 22 January 2018Foster & Foster acquired Marsh Consulting Group, a top health & benefits consulting firm headquartered in Paso Robles, California. The acquisition expanded Foster & Foster's footprint to the West Coast and enhanced their health & welfare consulting capabilities for mid-size employers. MCG was founded by Geoff Marsh in 2000 with a vision of strategic cost control, effective employee communications, and comprehensive regulatory compliance.
• LINECO (Laborers' National Enterprise)minorStrategic or Co-development PartnerFoster & Foster partners with LINECO, a multi-employer Taft-Hartley organization. Kevin Chesniak, Executive Director at LINECO, discusses the partnership on the Integral podcast, highlighting the great work LINECO members do and insights on career and leadership principles.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Milliman: One of the largest global actuarial consulting firms, providing retirement, healthcare, and multi-employer plan actuarial services to public and private plan sponsors — directly competing with Foster & Foster for the same RFPs.
• Conrad Siegel: Mid-size actuarial, benefits, and investment consulting firm serving public-sector retirement plans and mid-size employers, with comparable regional/national scope.
• Cheiron: Actuarial consulting firm focused on public pension plans and multi-employer plans, with deep expertise in pension reform advisory — a direct competitor in Foster & Foster's primary market.
• Segal Group: Independent consulting firm specializing in health, retirement, and benefits consulting with a strong multi-employer/Taft-Hartley practice, directly overlapping Foster & Foster's core client base.
• Cavanaugh Macdonald: Actuarial consulting firm serving public-sector retirement systems, providing pension valuations, GASB reporting, and consulting services comparable to Foster & Foster's retirement services line.
• Gabriel Roeder Smith & Company (GRS): Actuarial and benefits consulting firm serving public-sector retirement systems, with a comparable client mix of state and local government pension plans.
• Bolton Partners: Actuarial and benefits consulting firm with public pension and multi-employer practice, comparable in size and service mix to Foster & Foster.

Broad incumbents

• Willis Towers Watson (WTW): Global advisory firm offering actuarial and benefits consulting among broader risk, insurance, and talent services, competing for the same large plan sponsors.
• Mercer: Global consulting firm (part of Marsh McLennan) providing health, wealth, and career consulting — competes with Foster & Foster for larger multi-employer and public-sector engagements.
• Buck (Maven): Broader benefits, actuarial, and HR consulting firm serving mid-size and large employers, overlapping with Foster & Foster's health & welfare and benefits consulting work.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foster & Foster