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SEP vs 401 K safe harbor costs for small company


I am president of a small manufacturing company with less then 30 full time employees. We have about 10 employees that participate in our SEP. My 2 partners(nolonger active in business but still recive w2 income from business) and I max out our 16K contributions+ 3% company match( all 3 are north of 50 Y.O.). My salary is approx. 80k + year end didvidend. I intend to do a lot of catch up in my retirment over the next 10 years and like the idea of the 22k I can contribute in a 401K safe harbor plan. A agent from Principal is selling me on this and wants to switch our R.Baird SEP to a Principal Group 401 K safe harbor. Right now each employee spends $50 per year to Baird and as near as I can figure Principal group will cost company Approx $1500 per year(no shared costs to employees at this point). They seem to have a better retirment planning service for the employees included and with Baird there is very little of this service as such we pay very little. Also Principal guy would like everyone to sell all their SEP and transfer for similar funds ... and collect the fees natch. My question is this: How do I evaluate the fees and positives between the two plans...trying to address employees needs along with my own and be ethical to all. Kinda tired of getting advise from 2 "advisors i.e; sales people" who intentions may not be unbiased? Should I seek a pure financial advisor that i pay to see each employee or go with a packaged deal like Principal and the ease of that. Sorry to ramble but I have suspended SEP contributions for 2010 while I make this decision. This group has always helped me so much in the p
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liljacket

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