Orndorff & Spaid Profit Sharing Plan & Trust

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. 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. 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.