As an employer, you have certain responsibilities towards the people working for you. In order to be able to attract the best employees, you must guarantee them stable retirement funds through SEP retirement plans for small businesses. But setting up an account and transferring money into it is not enough. It's also important to monitor the given financial institution which is responsible for maintaining the given SEP IRA. As the plan sponsor, you should monitor the financial institution/trustee to assure that it is doing everything it is required to do. You should also ensure that the trustee's fees are reasonable for the services it is providing. If the trustee is not doing its job properly, or if its fees are not reasonable, you should consider replacing the trustee.