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. 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. 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.