Do Trustees have to be Accredited?

[Bryan O.]

I have a solo-401k that I would like to invest. I have little desire for the 401k to own property, but I do want to invest it in RE or small businesses (equity or as straight lending). I have been looking at various note groups, HML groups, and angel investing and they all say you must be accredited. As I am not yet accredited, that rules out using my own funds to invest. Since I am the trustee of a 401k wouldn't I be eligible to use the 401k funds on these types of opportunities? I would think that accreditation should be irrelevant to the trustee of the fund. Is there a particular requirement that relates to this?