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Orndorff & Spaid Profit Sharing Plan & Trust
Mitchell Spaid runs the profit-sharing trust tied to his family’s Beltsville roofing firm — no external capital, balance-sheet assets only.
Orndorff & Spaid Profit Sharing Plan & Trust
Orndorff & Spaid was started in 1953 by Glen L. Spaid, Harlan G. Orndorff, and Loring Orndorff Jr. with three employees and a pick-up truck. The Beltsville, Maryland company has remained under family control for three generations; current leadership includes CEO Mitchell G. Spaid, President Valerie Spaid Williams, and Secretary/Treasurer Todd Spaid. The business generates wealth through large-scale commercial roofing contracts rather than financial services — the profit-sharing plan is a standard ERISA retirement vehicle for its over 175 full-time personnel. The profit-sharing trust invests on behalf of Orndorff & Spaid employees. Given the operating company’s asset base, its portfolio likely leans heavily on the firm’s own real estate: the headquarters at 11722 Old Baltimore Pike in Beltsville is a known corporate holding. The trust’s mandate is narrow — provide retirement benefits to the roofing workforce — and does not pursue external limited partners, fund commitments, or co-investments. The geographic footprint mirrors the company’s operating territory across Maryland, Washington, D.C., and Northern Virginia. Headcount data from the firm’s website shows over 175 employees and a fleet exceeding 100 vehicles, indicating a midsize contractor with steady payroll and associated retirement plan contributions. The firm’s corporate giving program operates under the Orndorff & Spaid name and industry affiliations include the National Roofing Contractors Association, where it has been a member since 1971. As a closely held family business, the plan’s governance is inseparable from the Spaid family’s operating decisions. What sets this trust apart is its total dependence on a single, non-financial operating company — the profit-sharing plan has no independent investment staff, no external AUM, and no institutional fundraising. Its assets exist solely to serve Orndorff & Spaid’s workforce, making its investment posture a direct reflection of the roofing company’s real estate holdings and cash reserves.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Beltsville
Corporate office
11722 Old Baltimore Pike, Beltsville, MD 20705, United States
Principals
Mitchell G. Spaid
CEO
Valerie Spaid Williams
President
Todd Spaid
Secretary/Treasurer
Glen L. Spaid
Co-Founder
Harlan G. Orndorff
Co-Founder
Loring Orndorff Jr.
Co-Founder
Sector focus
Frequently asked questions
Who controls the Orndorff & Spaid Profit Sharing Plan & Trust?
Governance is inseparable from the Spaid family's control of Orndorff & Spaid Inc., the commercial roofing company. CEO Mitchell G. Spaid and President Valerie Spaid Williams are third-generation family members who steer both the operating business and its associated retirement plan. There is no separate investment committee or independent trustee disclosed publicly.
Does this trust accept outside investors or institutional partners?
No. The plan exists exclusively to provide retirement benefits for Orndorff & Spaid's workforce of over 175 full-time employees. It does not raise third-party capital, participate in fund structures, or co-invest alongside external general partners.
What assets does the plan likely hold?
The trust's holdings appear concentrated in the operating company's own balance-sheet assets, notably the firm's Beltsville, Maryland headquarters and a commercial vehicle fleet. As an ERISA vehicle tied to a family-controlled roofing contractor, its portfolio likely lacks the diversification of a conventional institutional pension fund.
How is this trust related to the roofing company?
The Orndorff & Spaid Profit Sharing Plan & Trust is the retirement plan for Orndorff & Spaid Inc.'s employees. There is no organizational separation — the plan's investments are tied to the operating company's assets and cash flows, and its beneficiaries are the same workforce that services roofing contracts in Maryland, Washington, D.C., and Northern Virginia.
What is the trust's investment mandate?
The mandate is strictly to provide retirement benefits through profit-sharing contributions. There is no disclosed strategy for venture capital, private equity, or fund-of-funds commitments. The trust's conservative posture reflects its identity as a captive plan for a family-run roofing contractor.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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