One rule to remember is that your time is more valuable than any of the people working for you. So any task that you are doing that could be done by someone in your team should be delegated to the team. Spend your time doing what only you can do. Such as setting priorities, making big calls on the technology for future projects and so forth.

I would also recommend that meeting your team members once per week is about right. More than that and your starting to micro manage and you remember as an engineer how annoying that is. More than a week and things can go too far off track before you can pull it back into line again.