> the last thing I want to do is manage investments
You are not required to. You can set your portfolio to be 100% mutual funds. Several exist. They have names like "Fidelity Freedom Blend 2045" or the "Blackrock Lifepath 2045." Your provider almost certainly has a default in this category they will pick for you if you signal no other intent.
> Because it's a group scheme
A 401k can be group or individual. It's your money in a special status that's allowed to be used for certain purposes before taxes. The proceeds are tax free under certain circumstances. It's entirely up to you what you do with that money including just stashing it into a fund and forgetting about it.
> and everything collective or social is frowned upon
There are advantages and disadvantages. Populations and circumstances change over time. With the world working to phase out petroleum it should be no surprise that Holland needs to adjust.
You are not required to. You can set your portfolio to be 100% mutual funds. Several exist. They have names like "Fidelity Freedom Blend 2045" or the "Blackrock Lifepath 2045." Your provider almost certainly has a default in this category they will pick for you if you signal no other intent.
> Because it's a group scheme
A 401k can be group or individual. It's your money in a special status that's allowed to be used for certain purposes before taxes. The proceeds are tax free under certain circumstances. It's entirely up to you what you do with that money including just stashing it into a fund and forgetting about it.
> and everything collective or social is frowned upon
There are advantages and disadvantages. Populations and circumstances change over time. With the world working to phase out petroleum it should be no surprise that Holland needs to adjust.