Charles Schwab announced Friday that it had cut operating expense ratios on all of its proprietary ETFs, and also said that testing was underway on an ETF-only 401(k) option that might be available in late 2013 or some time in 2014.

Marie Chandoha, president, Charles Schwab Investment Management, was joined on the “Every Third Friday” conference call by Walt Bettinger, president and CEO of Charles Schwab. The call was opened with the announcement that, according to Chandoha, the firm was “making dramatic reductions to expense ratios for all Schwab ETFs.”

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