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  • William Mitchell College of Law
    J.D., cum laude, 2009)
  • Augsburg College
    B.A., 2002)


  • American Bar Association
  • Minnesota State Bar Association
  • Hennepin County Bar Association
  • ESOP Association
  • National Association of Stock Plan Professionals


  • Minnesota

Joshua T. Natzel


4200 IDS Center
80 South 8th Street
Minneapolis, Minnesota 55402
T (612) 752-1041
F (612) 371-3207

Josh Natzel provides practical advice on employee benefit, employment and executive compensation matters.  He helps his clients understand and maintain compliance with ERISA, Internal Revenue Code,  Affordable Care Act, HIPAA, COBRA, FMLA, wage and hour, and other related laws. 

Josh works with his clients in the design, creation and administration of 401(k) plans, ESOPs, non-qualified plans, health and welfare benefits plans, cafeteria plans, wrap plans, bonus and incentive arrangements, equity and phantom equity plans, executive employment and severance agreements and employee handbooks.  Josh also counsels companies and trustees with ESOP transactions and the employee benefit aspects of corporate mergers and acquisitions.

Representative Experience
  • Represented private equity funds and their portfolio companies in employee benefit matters related to corporate mergers and acquisitions.
  • Advised and developed strategies for a company in the restaurant industry to comply with the Affordable Care Act.
  • Drafted a phantom equity plan for a private company to provide long-term incentives to key employees.
  • Represented a manufacturing company in a 401(k) correction through the DOL’s Voluntary Fiduciary Correction Program.
  • Negotiated recordkeeping and administrative services agreements for a financial institution.
  • Designed and drafted a health and welfare benefit wrap plan for a public company with multiple entities, locations and plans.
  • Corrected Code Section 409A failures in non-qualified deferred compensation arrangements for a medical device company.
  • Drafted a multi-state employee handbook and drug-testing policy for a national sales company.
  • Guided an emerging company with initial employment and employee benefit strategies.

Community Involvement
  • Wills For Heroes, Volunteer Attorney
  • Children’s Law Center, Volunteer Attorney
  • Mid-Minnesota Legal Aid, Volunteer Attorney
  • Youth basketball, baseball and soccer coach