Are COVID withdrawals a way to get funds out of my costly 401(k)?

Are COVID withdrawals a way to get funds out of my costly 401(k)?
Updated Feb 16, 2021;
Q. If I took a COVID withdrawal from my 401(k), I know there is no income tax due if it’s paid back to a qualified retirement account within three years. Is it correct that I don’t have to pay it back to my 401(k), which has horrendous fees? I’m thinking this could be a strategy to get the funds into an IRA.
— Investor
Let’s go through how this all works.
Penalty-free distributions taken from qualified accounts under the CARES Act needed to be taken by Dec. 31, 2020 and only qualified individuals were eligible to take them.

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