Under the SECURE Act 2.0, all of the following are true regarding the Military Spouse Retirement Plan Eligibility Credit for Small Employers except:

A. The tax credit equals the sum of (1) $200 per military spouse and (2) 100% of all employer contributions (up to $300) made on behalf of the military spouse

B. The credit applies to highly compensated employees

C. The maximum tax credit of $500

D. The credit applies for three years with respect to each military spouse