Orndorff & Spaid, Inc. Profit Sharing Plan & Trust

Orndorff & Spaid, Inc. Profit Sharing Plan & Trust

In 1953, Glen L. Spaid, Harlan G. Orndorff, and Loring Orndorff Jr. founded Orndorff & Spaid, Inc. with one pick-up truck and three employees. The company operates a captive profit-sharing plan and trust, serving as the retirement vehicle for a workforce that now numbers more than 175 full-time trained personnel. The Spaid and Orndorff families remain deeply embedded: Mitchell G. Spaid serves as CEO, Todd Spaid as Secretary/Treasurer, and Melanie Spaid and Joe Spaid hold director and project-director roles, respectively. The trust's deployment profile is shaped entirely by plan governance, not external fundraising. Its asset mix, while not publicly disclosed, likely spans traditional pension allocations — including public equities, fixed income, and possible real estate or private-market exposure — given its function as a long-duration retirement pool backing a capital-intensive contracting business. The plan's contributions derive from corporate profits generated by re-roofing, new construction, and maintenance services across single-ply, built-up, metal, and vegetative roofing systems. The firm's consistent operational presence in Maryland and Northern Virginia provides a steady, geographically concentrated revenue base that funds the trust. The plan's scale is modest and tied directly to the company's balance sheet. No adjacent investment vehicles or philanthropic foundations operate separately from the trust, though Orndorff & Spaid maintains a corporate giving program. The firm's real-asset footprint includes its headquarters at 11722 Old Baltimore Pike in Beltsville and a commercial fleet of over 100 pieces of over-the-road equipment. No recent capital-markets transactions or fund closes are disclosed. The firm's industry affiliations — member of the National Roofing Contractors Association since 1971, active in the Washington Building Congress, and a Silver Corporate Sponsor of the Property Management Association — underscore a regional, relationship-driven operating posture that mirrors the trust's likely conservative investment stance. What distinguishes this plan from nearly all other Altss-profiled allocators is its embeddedness inside an operating company. There is no CIO disclosure, no fund commitments trackable through public filings, and no co-investment syndicate. The trust functions as a private, internally administered retirement pool — a structural design that insulates it from the fundraising cycles, liquidity pressures, and manager-fee layers typical of pooled institutional vehicles. Its governance likely rests with the same family-operators who run the roofing business, making it one of the few Altss-tracked plans where asset allocation and corporate strategy are inseparable.